O-LevelEconomicsThe allocation of resources2281/12 · May/June 2019 · Q181 Mark
The diagram shows the effect of the imposition of a tax on a product. Which area represents the part of the tax paid by consumers of the product? [Diagram]
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
AU + V
BU + V + W
CU + V + X + Y
DU + X
✓ Correct answer
A: U + V
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill The allocation of resources and see which topics are most likely to come up next.
Sign up free →